Toyota to establish Silicon Valley artificial intelligence and development company

The $1 billion investment will be on top of $50 million of investments that the company has already made in research labs at Stanford and MIT. TRI’s headquarters will be situated in Silicon Valley near Stanford University, with a second facility near the Massachusetts Institute of Technology (MIT).The new institute will be directed by Gill Pratt, Toyota’s executive technical advisor.To underscore this belief, it is making an initial investment of $1 billion over the next five years, to establish and staff the two initial locations and conduct operations. He said his new role as head of the TRI will focus on advancements in safety, accessibility and robotics. He also mentioned systems to make driving accessible to everyone, perhaps even the vision impaired, such as through the use of fully autonomous…


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